CBN Increases Cash Withdrawal Limit

CBN Increases Cash

The apex bank of Nigeria, which is the Central Bank imposed some policies which will be guiding the flow of cash ahead of 2023. After the policy was made, many individuals and cooperation kicked against it despite knowing fully well that it was a policy made to curb many corrupt acts in the country.

However, after much talk with the stakeholder according to the latest report from Punch Newspaper, the Central Bank Of Nigeria has decided to increase the maximum weekly cash withdrawal limit to 500,000 Naira and 5 million Naira for individual and cooperate organizations respectively.

The Central Bank made it known that this decision was made based on the feedback received from stakeholders. 

CBN Increases Cash Withdrawal Limit
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